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in the world do we do it without eviscerating medicare, medicaid, social security, and military spending? >> well, very clearly as you know, the republicans actually have a plan written down as opposed to obama and the democrats who have no plan to balance the budget written down. the republicans passed through the house paul ryan's budget. paul ryan does for all the welfare programs what clinton did, speaking of clinton. the one thing he did in the presidency rather than bringing us the republican house and senate, the other good thing he did was welfare reform. block granting welfare to the states. that's what the ryan plan does to save money. and that's how we balance the budget without raising taxes. >> but paul ryan has disavowed the ryan plan. mitt romney is not bound he says by the ryan plan. mitt romney has offered a plan that is actually has so little in that you can't even run the numbers. i mean, if you have a plan that is basically filled with empty magic asterisks you can't analyze whether this will deal with a budget deficit in the future. the independent tax policy center
and understand what's important to you. it's how we help you choose the right humana medicare plan for you. because when your medicare is taken care of, you can spend more time sharing your passions. wow. [ giggles ] [ male announcer ] with the people who matter most. i love you grandpa! i love you grandma! now you're a real fisherman. [ male announcer ] humana. now you're a real fisherman. mike rowe here at a ford tell me fiona, who's having a big tire event? your ford dealer. who has 11 major brands to choose from? your ford dealer. who's offering a rebate? your ford dealer. who has the low price tire guarantee... affording peace of mind to anyone who might be in the market for a new set of tires? your ford dealer. i'm beginning to sense a pattern. buy four select tires, get a $60 rebate. use the ford service credit credit card, get $60 more. that's up to $120. where did you get that sweater vest? your ford dealer. >>> so if nothing's done, the bush tax cuts are going to expire at the end of this year and with them so will short sales which has been a big driver of the housing recovery.
-hanging fruit that is defense cuts as well as the entitlements. medicare, medicaid, and social security. where do you see opportunity for cuts? >> we see opportunity across the budget. in agriculture, in transportation. as you say, in defense and in general government programs but across the government we think there's opportunities. probably if you look at crop insurance or commodity payments in the agriculture, that can add up. smaller areas that's $1 billion. $1 billion here, $1 billion there, it adds up to money. we wanted a menu of thoughtful choices to reduce our deficit and avoid sequestration. >> go through it for us. because, you know, i guess if it were that easy, it would have been a lot simpler getting to the point where we're at. can you talk to us specifics about what you think should be cut? >> sure. that's what we wanted to do in this report. it's more than $100 billion in agriculture, more than $100 billion in energy, and as i said, in agriculture, commodity crop payments, reforming crop insurance. in energy, we'd like to eliminate the entire tight. 17 loan guarantee program w
the problems are in the federal budget. medicare is responsible for a quarter of the federal debt in the last ten years. i have a plan to take action and get that under control. the president doesn't. if you look at his budget, they are a recipe for middle-class tax hikes. you cannot spend that kind of money without taxing the middle class. it's arithmetic, it's not politics. one of the things that governor romney has to do tonight is make the president own his record. his record's very unpopular. his policies are very unpopular but the president is very slippery and evasive and good at finger pointing. that's got to stop tonight. >> how can romney talk about spending cuts and medicare when president obama's $716 billion in medicare cuts, romney says we have to put that money back into it, he wants to add money to defense and give a $5 trillion tax cut, that's going to blow a hole in the deficit. how is he going to talk credibly about that? how is he going to talk about obama when he's the grandfather of it by sponsoring romney care? >> it's a completely different policy right now. >> hang on
. reforming the tax code, not as easy but not as hard as medicare and medicaid. >> well, let me back you up for a second, because what really we face as we look at the long-term fiscal outlook in the u.s. is a three-part challenge. we know that we have entitlement programs on their currently trajectories are not sustainable. we know that we have a tax code that can almost surely be improved with various reforms and we also know that we have a set of expiring provisions in both the tax code and the budget sequester which starts in january of 2013 if nothing changes which creates a lot of turbulence in fiscal policy unless we do something about that. the real challenge for u.s. policymakers and it's going to be a big challenge after the election, i think, is to try to figure out a way to get through the near term without causing lots of disruption and that probably means trying to avoid going over the fiscal cliff, while at the same time beginning the challenge and process of long-term fiscal adjustments. when i suggest that social security's probably the easiest place to start, it's not some
choose the right humana medicare plan for you. because when your medicare is taken care of, you can spend more time sharing your passions. wow. [ giggles ] [ male announcer ] with the people who matter most. i love you grandpa! i love you grandma! now you're a real fisherman. [ male announcer ] humana. >>> welcome back. what a story this is. it's called lifeline. it's a long running government program that very few people were aware of until this sound bite went viral. >> you got obama phones? >> yes, everybody in cleveland, no minority got obama phones. he gave us a phone. >> he gave you a phone? how did he give you a phone? >> you sign up if you're on food stamps, social security, you got low income, disability. >> well, arkansas representative tim griffin was one of the few who did know about this program that gives low-income people free cell phones. he's discovered widespread abuse and ballooning expenses, so he's introduced a bill to fix it. representative tim griffin is with us, a republican from arkansas. he joins me now. thank you so much for joining us. this came before presiden
sector jobs have been created. finally, medicare, the big issue threatening go bankrupt the budget long term. mitt romney is proposing a substantial change that would include vouchers. he hasn't said how much they'd grow over time. president obama has not said whether or not he's going to propose the same kind of changes like raising the eligibility age for medicare that he tried in those unsuccessful grand bargain talks with house speaker john boehner last year, maria. >> all right, jauohn. thank you so much. my next guest is making the argument that business leaders don't make the best president. what may be good for wall street is bad for politics. joining me now to talk about this is mr. blinder, now a professor at princeton university. good to see you, alan. thank you for joining us. >> sure. hi, maria. >> make the case. why do you think business leaders fail in government? >> well, ting just requires a very different talent set. governments are democracies. businesses are not. good businesses are not run as democracies. government lives, breathes, and dies on fairness. businesses
's not 39.6. you have to add the medicare tax, the phase out of the personal exemption and standard deduction. that works out to around 44%. excuse me. >> okay, dpofolks. >> we're not going to get up to 75%. >> on that i agree. >> plus, our corporate tax rate is ten percentage points above that of our international competitors n competitors. that needs to be reduced. >> that was fun to watch. but i thought the last thing we needed was a fourth voice. thank you for joining us today. >> great to be with you. >> bill, i'm sorry about that. >> no. listen, it's a great topic right now. everybody's talking about it today. >> we're in the final stretch. 20 minutes before the closing bell sounds. we have a market holding on to the gains, up 78 points on the industrial average. a lot of people calling it the romney rally, bill. >> yes, they are. coming off the highs, though, right now. is the market on a march to a new all-time high? we're going to ask the ceo of t.d. asset management brian murdoch. he'll be with us in a moment. >>> after the bell, would another disappointing jobs number tom
. >>> attorney general eric holder holding a news conference right now. it concerns major crackdown on medicare fraud. our senior correspondent scott cohn who covers that particular area in addition to many other things is joining us with the headlines. >> sue, it is something that we've been talking about a lot. this is amidst a three year crackdown on medicare and medicaid fraud by attorney general eric holder. more than $400 million in fraud alleged in today's operation. more than $400 million. 92 people charged. the biggest takedown by far today in miami where 34 people at various locations charged with some $200 million in fraud. this operation has touched all nine of the task forces so-called strike force cities. this raid this morning in brooklyn at a medical clinic in the brighton beach neighborhood. other arrests in los angeles, detroit, dallas, chicago, and more. of course we have been reporting for months on the huge problem of medicare and medicaid fraud. estimated at some $80 billion a year on the low end. this crackdown, which came up in last night's presidential debate. authoriti
's important to you. it's how we help you choose the right humana medicare plan for you. because when your medicare is taken care of, you can spend more time sharing your passions. wow. [ giggles ] [ male announcer ] with the people who matter most. i love you grandpa! i love you grandma! now you're a real fisherman. [ male announcer ] humana. >>> welcome back. barack obama and mitt romney are ready for their first presidential debate. that will be tomorrow night, 7:00 to 8:00 p.m. polls show a close race. the nation ago average has obama leading romney 49-46. the economy is issue number one and whose plans are better for the middle class. to answer that we are holding our own debate right here on the kudlow report. we are joined by new jersey democratic congressman and jim gillmore to make the case for governor romney. there will be time to talk among your selves at my disgression. the first question is going to congressman big paskrel. 1.3% gdp 25 million people out of the workforce. mr. president, what is your solution to the prosperity and the recovery that continues to elude us? >> ov
. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, it could save you thousands in out-of-pocket costs. call now to request your free decision guide. i've been with my doctor for 12 years. now i know i'll be able to stick with him. you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and you never need a referral. see why millions of people have already enrolled in the only medicare supplement insurance plans endorsed by aarp. don't wait. call now. >>> in the next hour, goldman sachs chief economist, the president of kmart and we'll look at how investing in apple changes lives, free at-home investors who share their hopes and fears online will meet ea
you choose the right humana medicare plan for you. because when your medicare is taken care of, you can spend more time sharing your passions. wow. [ giggles ] [ male announcer ] with the people who matter most. i love you grandpa! i love you grandma! now you're a real fisherman. [ male announcer ] humana. when you take a closer look... the best schools in the world... see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... they can inspire our students. let's solve this. >>> president obama blocked a chinese company from owning four wind farm projects up in northern oregon. the reason, national security concerns. cnbc's amman jabbers is joining us. good evening. >> it was an unusual and dramatic announcement from the president that a came in this afternoon. not only unusual for a president to stop in and block a deal like this from a chinese company to buy in to fe wind fa
, yesterday our senior correspondent scott cohn had some breaking news here on "power lunch" on a medicare fraud bust. he has a quick correction for us right now. scott? >> that's right, sue. yesterday around this time during our report on a nationwide law enforcement operation targeting medicare and medicaid fraud, we included aerial video that showed the offices of always home care in miami. that business was not implicated in any way in yesterday's operation. and we regret the error. tyler? >> scott, thank you very much. but we have more to tell you about. did president obama just advance his cause in the election? ahead, the head of the national urban lead and the former special assistant to george w. bush will face off next. quite a day we got going here. >>> also ahead, what must happen to bring the individual investor back? a look at all these stocks hitting all-time highs today. look at walmart. now at 75 after languishing around 50. philip morris, ibm, our parent company comcast, and google at $770. back in two. boring. boring. [ jack ] after lauren broke up with me, i went to the
80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they help save you up to thousands in out-of-pocket costs. call today to request a free decision guide. with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. join the millions who have already enrolled in the only medicare supplement insurance plans endorsed by aarp... and provided by unitedhealthcare insurance company, which has over 30 years of experience behind it. with all the good years ahead, look for the experience and commitment to go the distance with you. call now to request your free decision guide. ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they
for medicare to 67. that makes no sense at all. but otherwise -- >> why doesn't it? >> because medicare is the only universal health care plan that we have in this country. and to raise it at the time when people are retiring is insane. and furthermore, the savings medicare not between 65 and 67, they're around 80. this is going to be no savings, you're going to replace it with some bureaucratic hodgepodge. >> that's the point, though. he's painting this as if any democrat who goes along with one of these sort of compromises that you get to down the road, that this is, basically -- >> i think paul krugman's great, but i disagree with him. we are going to have to cut spending and raise taxes, somebody will have to admit it. >> howard and haines, the economic argument on the 1990s. we commercialize the internet, about the equivalent of a telephone. the nasdaq went from 800 to 4,500, oil was at $18 a barrel, government spending was significantly lower because when clinton raised the taxes, we went to a surplus. so when you think that these tax increases aren't going to affect the economy b
trillion additional defense spending, additional medicare spending and you say you won't say how you pay for it. it's not honest. >> every one of those numbers heavily disputed. but but but. here's the thing. can you tell me, jennifer rubin, brulant blogger and columnist that you are. >> he's setting me up now. >> es seemed analyst that you are. can you tell me what barack obama's future vision is if he is re-elected? can you tell me from last night's debate what he is going to do? does anybody know? >> i actually thought that was the worst part of the debate. we have 23 million people unemployed, stop looking for work. what does he want to do? he wants to hire 100,000 teachers? first of all do we even know if we need 100,000 teachers? it's puny. it isn't big thinking. he wants to raise taxes. even good kinseyans know that's not the way. it's all small ball stuff that. worked for bill clinton because bill clinton had a raring economy so he could worry about school uniforms and talk about small stuff. where is i the president's big plan? >> where's mitt romney's small plan? >> you heard i
on that. on medicare, the big entitlement spending issue that threatens the bunch the long term. mitt romney's proposed with paul ryan an ambitious reformation of the program that would go to voucher, but he hasn't said what the level of the voucher would be or the growth rate in the voucher. if you don't specify that, you can't specify what your savings will be or the impact on consumers. and finally president obama last year in the grand bargain talks with house speaker boehner talked about more ambitious proposals than medicare than he's advocated so far like raising the eligibility age from 65 to 67. hasn't said a word about that in the election campaign so far. you can expect the two to clash on that issue, as well. >> john, i know you've looked at some poll numbers from the journal and nbc news. maybe a slight tightening on a national level. but certainly in some important states like ohio, the president continues to lead. i know you've said the romney strategists believe they need ohio. if it's mathematically possible to win without it, why do they still believe they need it? >
in this country to look through every part of the budget. certainly major reform, in social security, medicare, medicaid, all fueled by the growth of health care costs and aging population. and on the tax side, we'll need more revenue and we should think about how to do take through a fundamental overhaul of the tax system. so the answer is some of everything. so the ways to do it could choke off economic recovery, but there are ways to do it that are smart that would help promote economic growth. the first step is not to go off the fiscal cliff, but also not to punt. instead replace that with the beginning of a sensible plan. we'll need to save $4 trillion to $5 trillion over the next part of of the year and we need to look at every part of the budget to do that. >> to not go off the cliff at the end of the year, what are the chances that after the election you tilly get some kind of agreement sni? i was speaking to john mccain and he said don't expect noticing happen. you seem to think something can happen. why? >> i wake up pretty much every day and i update my probabilities on how likely t
of the medicare part of it and the promises about lower health care premiums have certainly not survived. i mean we've seen, what, 8% or 9% increase in health care premiums the last two years. >> craig barrett of intel is going to be our guest host for the rest of the program. we have a lot more to talk with him so stick around. >>> when we come back an interview you cannot afford to miss, we have chicago fed president charlie evans joining us at 8:30 eastern time and a programming note by the way, cnbc's going to have live cover annual of the first presidential debate on wednesday night starting at 8:00 p.m. eastern time. >>> up next on "squawk box" don't make a trade until you know which stocks are making headlines. joe tells you the pretrade news you need to know in "stocks to watch" right after the break. ♪ >>> you like this? >> maybe. i think he was referring to the animal orchestra. >> we used to have joel moscowitz a lot, it was the ceramic we put in a lot of our troops' armor. it's been higher at one point but it is acquired now by 3m for $35 a share in cash. it's a small deal, the mar
. >> right, medicaid, medicare. >> is there a head k medicaid advantage? >> medicaid hmos lose it if obamacare gets repealed because they're going to expand medicaid, as well. >> expand it greatly. and it's not block grants. a federal expansion. so what's your favorite stocks? >> my favorite stocks are the ones that are not that impacted by federal policy. united health, intuitive surgical. genetic analysis companies do well. but not completely unrelated to reform. and you can always go outside the u.s., too, if you want. so i guess you're not moving to france if about obama wins. >> alec baldwin didn't move, i'm not moving. we say things when we're upset and then we don't really ---now, if babs moves, i might go with her. >> when we come back, the countdown to the jobs report. we'll be asking the man who runs bond investments for fidelity what the numbers could mean for the markets. >>> monday, facebook and "squawk box" collide. quiche in touch with joe, becky and andrew. get updates and check with the anchors. interviews, news and upcoming events will be posted to our page da
that since administrative costs are lower with medicare we should, the government should run our health care and it's like then we should have -- if you can just lower administrative and there's no innovation from the private sector, if there's no, you know, economies of scale and the competition makes you leaner and faster and better, if none of that were true everything would be cheaper if the government ran it. >> does it make you uncomfortable, joe, romney clearly has moved to the center here? >> i don't see that. i do not see that. >> i'm not going to reduce the share of taxes paid by the wealthy. >> et cetera' always said that. he has always said that. that's what you hear. >> the problem is that -- >> but then he said -- >> that is allowed -- >> he's coming back with 5 trillion. when you come back you prepared for with john kerry in the debate. the thing that worked when we were talking about the president always talks about investment as if it's a really good thing in terms of the government but when you look at how you try to pick things and don't let sort of capital be allocated by
of the things romney kept harping on last night was essentially cutting money out of medicare which we all know, in essence, is, in fact, reducing costs. and the only way we're ever going to solve our fiscal problems is reducing our health care costs. that is the key focus. so, you know, i think it's very difficult to articulate that in a sound bite. >> yeah. if you can survive being a health economist, you can survive about anything. austin, appreciate your time. >> that's the business. >> austin ligon, thanks so much. >>> let's go to mary thompson. >> we're looking at nuvasive, trading very active, ten times normal volume for the stock. the reason being the company cut its forecasts for third quarter revenue. now seeing revenue of 147 billion. the reason, the company says delays and more denials from insurance companies. take a look at that stock, off 33%. a number of analysts cutting ratings for nuvasive as well. back to you. >>> straight ahead, the nbc exclusive interview with mark zuckerbe zuckerberg. 1 billion users and their mobile devices. >>> and marriott's stock is having a great day
Search Results 0 to 23 of about 24 (some duplicates have been removed)